Address
1113 Drake Rd 1113 1119 Fort Collins, CO
Price
$ 6,850,000
Property Attributes
  • MLS#936748
  • TypeCommercial
  • CountyLARIMER
  • CityFort Collins
  • AreaCimarron Plaza
  • NeighborhoodCimarron Plaza
  • Zip80526
  • Style
  • Year Built1987
  • Taxes$ 124896
  • Price$ 6,850,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size3.1 Acres
Listing Provided Courtesy Of:
RE/MAX Comm. Alliance-FTC Dwtn
Data Source:
IRES
Property Description

RE/MAX Commercial Alliance is pleased to present the opportunity to purchase this well tenanted and diverse retail offering. The buildings at 1113 & 1119 W Drake Road are situated within Cimarron Plaza Shopping Center located at Drake Road and Shields Avenue, which provide main arterial access for Fort Collins and to I-25. This site is within walking distance to Colorado State University and nestled within a strong housing demographic and dense employment. A stable tenant mix and central location within Fort Collins rounds out this desirable investment property. Ideal for the risk adverse investor as this center historically has extremely low vacancy. 1113 & 1119 W Drake can be purchased together for $6,850,000 at a 6.6% cap rate. 1119 W Drake can be sold separately for $4,500,000 at a 6.75% cap rate. 1113 cannot be sold separately. Please contact the listing broker for more information.

Price History
4/2/2021 Listed $6,850,000

General Features

Construction Block
Cooling Refrigeration/HVAC
County Larimer
Locale Fort Collins
Net Operating Income 451813.2500
Ownership Private Owner
Subdivision Cimarron Plaza
Zoning C

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 80526

Price
AVG $3.05M
$6.85M
Taxes
AVG $106,852
$124,896
Visits
AVG 8
11
Year Built
AVG 1982
1987

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